Stock Market in Rally Mode

January 29, 2016 February 24, 2017 / By David Sharek / SDS

Today I will sell the Proshares Ultra Short S&P 500 (SDS) from the Growth Portfolio, Aggressive Growth Portfolio and Conservative Portfolio as the stock market is in a rally right now.

I will take approximately a 10% loss in the transaction. I previously purchased SDS as the S&P 500 was breaking support and was about to be headed for a free-fall — then recovered and hasn’t seen the lows since.

Overall, I’m cautious on the market and feel we could retest the January lows.

About The Author

David Sharek

David Sharek is stock portfolio manager at Shareks Stock Portfolios and the founder of The School of Hard Stocks. Sharek's Growth Stock Portfolio has delivered its investors an average return of 18% per year since inception vs. the S&P 500's 10% during that time (2003-2020). David's delivered five years of +40% returns in his 18 year career, including 106% during 2020. David Sharek's book The School of Hard Stocks can be found on Amazon.com.

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David Sharek

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